Odds (general terms )

Chances of winning expressed in dollar (monetary) terms. Dividends displayed in dollar terms are inclusive of the unit of outlay. Odds can also be expressed in fractional terms showing the ratio of Win to Stake. Example: The New Zealand All Blacks to win the Rugby World Cup shows a dividend of $5. In fractional terms they would be quoted at 4/1 - for a stake (bet) of 1 unit you win 4 units for a total return of 5 units.